When a Company Sells Goods and Receives Non-Cash Items in Return

When a company sells goods and receives non-cash items in return,

A) the seller estimates the fair market value of the non-cash item or the cash equivalent of the noncash item.
B) the seller receiving the non-cash item estimates its value as the original cost of the inventory sold.
C) the seller uses the buyers' cost for the non-cash item.
D) the seller uses one-half of the fair market value of the non-cash item.
E) both parties must realize that they are conducting a transaction that is not in accordance with GAAP.